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Corenet Tech (Uk) Pvt Ltd

15550843

active
Private Limited Company
england wales
Companies House
Insolvency history
Health Score
50 / 100

Notable Risks

30/30
Filing
0/30
Financial
20/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Active insolvency proceedings (-20)

Details

SHERBOURNE HOUSE, COVENTRY, CV1 2AQ
Incorporated 09/03/2024

Compliance

Last accounts

31/03/2025

micro entity

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 08/03/2026

Due 22/03/2027

On track

Industry

58290
Other software publishing
62012
Business and domestic software development
62020
Information technology consultancy activities

Officers

Mr Krunalkumar Shaileshbhai Patel

director · Since 09/03/2024

DIRECTOR

INDIAN · UNITED KINGDOM · Age 33

Also on 4 other boards

Persons with Significant Control

Krunalkumar Shaileshbhai Patel

75–100% shares
75–100% votes
Appoint directors

Indian · United Kingdom · Age 33

28a Charter House, Sandford Street, Lichfield, WS13 6QA

Notified 09/03/2024

Insolvency History1 case

creditors voluntary liquidation09/07/2026

Philip Ballard (practitioner)

CompanyRankvs 5223+ SIC 58290 peers
27

Financial strength6th percentile among SIC peers · 2/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.08× · 2/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
Insolvency history -10
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How is this score calculated?
Financial strength2/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity3/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Insolvency history: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/03/2025

Net Worth

-£65k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£68k

Working capital

Current Assets

£6k

Current Liabilities

£74k

Fixed Assets

£3k

12avg. employees

Balance Sheet

Assets less current liabilities-£65k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20250.08

Derived from filed accounts. Not audited figures.